Auto, Boat and RV Loans - Deere Employees Credit Union skip to Main Content

Your best choice for New or Used Vehicle

Why pay more than you have to?  You’ll save money with our Best in Market Rates+, fast approvals and flexible terms.  Whether you’re going to the dealership or buying from a private party,  get pre-approved for an auto loan from Deere Employees Credit Union BEFORE you begin shopping. This way, you’ll already have your financing arranged when you find that perfect vehicle. Call or click to apply by logging in to Online Banking and click on Loan Request tab.  Or call us toll-free 800-338-6739 24 hours, 7 days a week.

At DECU, Members enjoy:

  • 100%* financing
  • Low, Best in Market Rates+ 
  • Flexible Terms up to 72 months** financing
  • Pre-Approved Loan Options
  • DECU Insurance Services

Refinance Your Current Auto Loan

  • Refinance your auto loan with Deere Employees Credit Union.  Enjoy low, Best in Market Rates  and potentially a great money-saving opportunity.
  • Apply online and in just  a few short minutes, you’ll be on your way to lowering your monthly payments.

Boat and Recreational Vehicle Loans

  • We’re also your best choice for the lowest rates on boat and recreational vehicle loans, as well as insurance.
  • Applying is easy.
  • Just call us at (800) 338-6739 or apply through Online Banking.

Skip A Pay

  • Skip your monthly installment loan payment and free up some extra cash.
  • Quick and easy to do inside OnLine Banking
  • Click the Orange * Gear next to your eligible loan inside OnLine Banking
  • A low processing fee of $25***
*Finance the lesser of MSRP or final purchase price, plus tax and Vehicle Service Agreement on new vehicles or the NADA retail value including adjustments for options and mileage on used vehicles. 
**All loans issued subject to credit approval.  Loan rates determined by individual credit history.
*** Skip A Pay fee is $50 if assisted by CU staff.  Finance charges continue to accrue on all loans that take advantage of Skip A Pay program, which may cause the maturity date of your loan to be extended. Some restrictions apply.
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Get Answers To Your Most Common Questions

How can I apply for an auto loan?

You can apply for any loan online. Simply log in to Online Banking and click on Loan Requests tab. Or you can apply by calling (800) 338-6739.

How much can I borrow on an auto loan?

Deere Employees Credit Union will lend up to 100% financing, not exceeding the lesser of MSRP or the final purchase price plus tax and Vehicle Service Agreement on new vehicles or the NADA Retail value plus/minus options and mileage on used vehicles.

Can I apply for a vehicle loan if I haven't found the make and model I want yet?

Yes, you can apply to be pre-approved for an auto loan. Simply log in to Online Banking and click on Loan Requests tab. Or you can apply by calling (800) 338-6739.

Can I Skip A Payment on my loan?

Yes, Skip a payment is available on most monthly installment* loans*** for a designated month.  Interest will continue to accrue on the loan you select to Skip A Payment, which may cause the maturity date on the loan to be extended.  The fee for Skip-A-Pay is $25** per loan skipped when the service is member initiated using Online Banking.

*Mortgage loans, signature lines of credit, credit cards, revolving loans and home equity loans and lines DO NOT qualify.
**Skip A Pay Fee is $50 when initiated by a DECU staff member.
***Skip A Pay is available provided loan is current.  Skip A Pay can occur twice per calendar year, however, may not in consecutive months.

What is the maximum term for an auto loan?

Deere Employees Credit Union finances new vehicles including the previous five model years for 72 months.  For older vehicles the maximum term is 60 months.

How much insurance do you require for an auto loan?

We require collision and comprehensive coverage with a maximum $1000 deductible on each.

How old of a car can I get an auto loan on?

We will finance autos up to 12 model years old at either new or used auto rates depending on model year. Vehicles older than 12 model years will be considered at an increased interest rate. This rate depends on credit and relationship with the credit union.

Do you offer payment protection for auto loans?

Yes, we offer Credit Life, Disability and Unemployement Insurance on our loans.

Can I get an auto loan without a down payment?

Yes, we can finance the full purchase price, including tax, title, and license fees.

Can I refinance my car?

You can apply to refinance your auto. Simply log in to Online Banking and click on Loan Requests tab. Or you can apply by calling (800) 338-6739.


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